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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - UNAUDITED - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income:    
Interest and fees on loans $ 150,635 $ 139,727
Interest on loans held for sale 128 152
Interest on deposits with banks 6,786 2,686
Interest and dividend income on investment securities:    
Taxable 6,663 7,008
Tax-advantaged 1,797 1,770
Interest on federal funds sold 5 4
Total interest income 166,014 151,347
Interest expense:    
Interest on deposits 73,366 40,788
Interest on retail repurchase agreements and federal funds purchased 3,386 2,104
Interest on advances from FHLB 5,973 7,207
Interest on subordinated debt 3,946 3,946
Total interest expense 86,671 54,045
Net interest income 79,343 97,302
Provision/ (credit) for credit losses 2,388 (21,536)
Net interest income after provision/ (credit) for credit losses 76,955 118,838
Non-interest income:    
Investment securities gains 0 0
Income from bank owned life insurance 1,160 907
Other income 2,645 2,001
Total non-interest income 18,367 15,951
Non-interest expense:    
Salaries and employee benefits 36,698 38,926
Occupancy expense of premises 4,816 4,847
Equipment expense 3,963 4,117
Marketing 742 1,543
Outside data services 3,103 2,514
FDIC insurance 2,911 2,138
Amortization of intangible assets 2,069 1,306
Professional fees and services 4,880 3,684
Other expenses 8,824 7,230
Total non-interest expense 68,006 66,305
Income before income tax expense 27,316 68,484
Income tax expense 6,944 17,231
Net income $ 20,372 $ 51,253
Per share information:    
Basic net income per common share (in dollars per share) $ 0.45 $ 1.14
Diluted net income per common share (in dollars per share) 0.45 1.14
Dividends declared per share (in dollars per share) $ 0.34 $ 0.34
Service charges on deposit accounts    
Non-interest income:    
Fees and commissions, mortgage banking and servicing $ 2,817 $ 2,388
Mortgage banking activities    
Non-interest income:    
Fees and commissions, mortgage banking and servicing 1,374 1,245
Wealth management income    
Non-interest income:    
Fees and commissions, mortgage banking and servicing 9,958 8,992
Bank card fees    
Non-interest income:    
Fees and commissions, mortgage banking and servicing $ 413 $ 418